Netto Armando Lins Sells $24.8 Million in Corpay, Inc. Shares
The Group President sold 70,476 shares at $352.13 each.
Key Points
- Netto Armando Lins sold 70,476 shares of Corpay, Inc. on June 15, 2026, at an average price of $352.13, totaling $24.8 million.
- Corpay, Inc., trading on the NYSE, has a market cap of about $23.1 billion and a P/E ratio of 21.19.
- Analyst Loop Capital recently initiated coverage with a 'buy' rating and a $406 price target.
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Netto Armando Lins, the Group President of Brazil & US Vehicle Payment at Corpay, Inc., sold 70,476 shares of the company on June 15, 2026. The shares were sold at an average price of $352.13, resulting in a total transaction value of approximately $24.8 million. This transaction was not part of a pre-planned trading program.
What Changed in Netto Armando Lins's Corpay Position
Netto Armando Lins sold a significant portion of his holdings in Corpay, Inc., amounting to 70,476 shares. The sale, conducted at an average price of $352.13 per share, was valued at approximately $24.8 million.
Other Institutional Activity in Corpay
Several institutional investors have also been active in Corpay, Inc. BlackRock, Inc. reduced its holdings by 264,598 shares, ending with 6,173,498 shares valued at about $1.8 billion. Orbis Allan Gray Ltd increased its stake by 357,457 shares to a total of 5,345,425 shares worth approximately $1.6 billion. JPMorgan Chase & Co added 86,513 shares, bringing its total to 4,821,440 shares valued at nearly $1.4 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both established positions with 4,427,462 and 2,991,891 shares, respectively.
Corpay, Inc. Stock Down 11.6%
Shares of Corpay, Inc. (NYSE:CPAY) traded near $353.47. The company has a market capitalization of approximately $23.1 billion and a P/E ratio of 21.19. Corpay’s stock has traded between $252.84 and $367.43 over the past 52 weeks, with a 50-day moving average of $331.86 and a 200-day moving average of $311.82. The company's beta is 0.869, indicating relatively low volatility compared to the overall market.
Recent Earnings
Corpay, Inc. reported revenue of about $4.78 billion, reflecting a 25.4% growth rate. The company achieved a net margin of 24.6% and a return on equity of 32.1%. With an earnings per share (EPS) of $16.68, Corpay is set to announce its next earnings on August 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
Analyst view held steady after the report.
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EPS & revenue
EPS beat estimates by 3.9%. Revenue beat estimates by 2.1%.
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Profit surprise
EBITDA met by 0 percent. Operating income met by 2 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
- Analyst signal
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Earnings quality
Gross margin down 5.3 points. Operating margin up 0.6 points.
Earnings Call Summary
Corpay delivered a blowout first quarter with 1.26 billion dollars in revenue, up 25 percent year over year, and cash earnings per share of 5.80 dollars, up 29 percent. The company reported 11 percent organic growth for the fourth straight quarter, with Corporate Payments growing 16 percent and spend volumes up 43 percent. Management attributed the outperformance to strong core fundamentals across all three geographies and higher fuel prices, while reaffirming a strategic shift toward building three global businesses focused on employee payments, accounts payable solutions, and cross-border services.
Guidance Corpay raised full year 2026 revenue guidance to 5.29 billion dollars and cash earnings per share to 26.70 dollars, both increases of about 2 percent from prior guidance. The company expects 10 percent organic revenue growth and 17 percent total revenue growth for the full year.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Insider Buying and Selling at Corpay, Inc.
On June 15, 2026, Netto Armando Lins sold 70,476 shares at an average price of $352.13. Earlier, on June 11, he sold 4,560 shares at $351.60, and on May 29, 2,694 shares at $357.02. Additionally, Steven Stull sold 1,000 shares on June 2 at $360.78 each.
Analysts Set New Price Targets
On May 19, 2026, Loop Capital initiated coverage on Corpay, Inc. with a 'buy' rating and a price target of $406. Baird maintained its 'buy' rating with a $380 target on March 31, 2026. Currently, the consensus among analysts is a 'buy' rating with a mean price target of $395.14, based on 14 analyst opinions.
About Corpay, Inc.
Corpay, Inc., headquartered in Atlanta, Georgia, operates as a payments company serving businesses and consumers. It provides solutions across various segments, including corporate payments, vehicle payments, and lodging payments. The company offers tools for managing expenses, cross-border payments, and fleet maintenance, among others. Corpay employs around 11,800 people and is led by CEO Ronald F. Clarke.
Bottom Line
Netto Armando Lins's recent sale of Corpay shares highlights insider activity within the company. Investors often track such movements for potential insights into company performance. Corpay, Inc. continues to maintain a strong market presence with its diverse payment solutions. The company's financials remain robust, with analysts expressing a favorable outlook. As a reminder, insider transactions are disclosed after the fact and may not reflect current holdings.
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